STOCK BASED COMPENSATION (Tables)
 3 Months Ended 12 Months Ended
Jun. 30, 2012
Mar. 31, 2012
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
    OPTIONS OUTSTANDING              
          REMAINING     NUMBER OF        
EXERCISE   NUMBER OF     CONTRACTUAL     OPTIONS        
PRICE   OPTIONS     LIFE (YEARS)     EXERCISABLE     INTRINSIC VALUE  
                         
$2.41   652,500     0.06     652,500     460,975  
2.22   1,465,000     0.88     1,465,000     1,786,417  
1.78   95,000     1.24     95,000     81,172  
0.92   1,704,625     1.90     1,704,625     1,204,713  
1.58   68,000     2.23     68,000     26,435  
0.86   1,300,000     3.20     1,300,000     752,207  
0.83   2,590,000     3.93     1,942,500     951,825  
0.60   100,000     4.20     50,000     18,036  
                         
$1.25   7,975,125     2.46     7,277,625   $ 5,281,780  
    OPTIONS OUTSTANDING              
          REMAINING     NUMBER OF        
EXERCISE   NUMBER OF     CONTRACTUAL     OPTIONS        
PRICE   OPTIONS     LIFE (YEARS)     EXERCISABLE     INTRINSIC VALUE  
                         
$2.41   652,500     0.31     652,500     460,975  
2.22   1,465,000     1.13     1,465,000     1,786,417  
1.78   95,000     1.49     95,000     81,172  
0.92   1,704,625     2.15     1,704,625     1,204,713  
1.58   68,000     2.48     68,000     26,435  
0.86   1,300,000     3.45     1,300,000     752,207  
0.83   2,590,000     4.18     1,295,000     634,550  
0.60   100,000     4.45     50,000     18,036  
                         
$1.25   7,975,125     2.71     6,630,125   $ 4,964,505  
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding [Table Text Block]
          Weighted     Weighted  
          Average Grant     Average  
    Number of     Date Fair Value     Grant Date  
    Options     Per Share     Fair Value  
                   
Nonvested, March 31, 2011   650,000   $ 0.86   $ 0.58  
Granted   2,690,000     0.82     0.49  
Vested   (1,995,000 )   0.83     0.51  
Forfeited   -     -     -  
Nonvested, March 31, 2012   1,345,000     0.82     0.49  
                   
Granted   -     -     -  
Vested   (647,500 )   0.82     0.49  
Forfeited   -     -     -  
Nonvested, June 30, 2012   697,500   $ 0.82   $ 0.49  
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
          Weighted              
          Average     Weighted        
    Number of     Exercise     Average     Aggregate  
    shares under     Price Per     Fair     Intrinsic  
    options     Share     Value     Value  
                         
Balance outstanding, March 31, 2011   6,703,195   $ 1.38   $ 0.86   $ 5,734,572  
Forfeited   (1,341,570 )   1.06     1.00     (1,348,364 )
Exercised   (76,500 )   1.00     1.02     (77,868 )
Granted   2,690,000     0.82     0.49     1,305,170  
Balance outstanding, March 31, 2012   7,975,125     1.38     0.70     5,613,510  
Forfeited   -     -     -     -  
Exercised   -     -     -     -  
Granted   -     -     -     -  
Balance outstanding, June 30, 2012   7,975,125   $ 1.38   $ 0.70   $ 5,613,500  
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
    Three Months        
    Ended June 30,     Year Ended  
    2012     March 31, 2012  
             
Dividend yield   0     0  
Expected volatility   87-91%     87-91%  
Risk free interest rate   0.25-1.21%     0.25-1.21%  
Expected life (years)   3.25     3.25  
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
          Broker              
          Warrant     Share     Warrant  
    Broker     Exercise     Purchase     Exercise  
Expiration Date   Warrants     Price     Warrants     Price  
February 23, 2013   -   $ -     500,000   $ 5.000  
September 16, 2015   246,285     1.250     4,104,757     1.250  
May 31, 2017   118,421     0.437     -     -